Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › 55 mjy
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- February 13, 2017 at 2:31 pm #372238
55mjy bpp revision kit
may i know why 170,120 ,50 deducted in part (b) reading downwards its payment and reading horizontally its receipts so shouldn’t be like adding $ receipts and subtracting $payments?
like 90+20+40+50+30-40-20-30-170-120 ??why did u close this post? i am unable to reply hence had to post again i still didnt get you,
1) why other companies receipt payment excluded?
2) we have only taken $ & euro receipts and payments , if we read across there are dollar receipts too? then why we taken only euro receiptsi dont understand why its isnt solved like net off dollar payment and receipt against dolar hedge and net off euro payment and receipt against euro hedge? when there are dollar and euro payments downwards and receipts across??
February 13, 2017 at 3:41 pm #372253I closed the post because I had answered it.
If you include other companies then you would be counting things twice!
I don’t understand your second question – the answer has calculated the net $ payment and the net € receipt.
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